[Am-info] What is a Monopoly?

[T. Guilbert]

In a message dated 2002 November 20 (Wednesday), timestamp 01:16 PM, 
   on the topic [Am-info] What is a Monopoly?,
   John Poltorak <jp@eyup.org> wrote:


"|Is there a legal or economic definition of a Monopoly?

There is a common law approximation of a definition; generally, it is
that point when normal constraints like price elasticity cease to
apply. 

"|I thought it might be something like controlling 50% of a market,
"|but  can't find anything definitive...

Which assumes that you think "market" itself can be defined; usually
once the market is defined, a monopoly is easy to spot. 


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